Question

Difference between standalone and consolidated balance sheet

Answer 1

A consolidated financial statement covers the activities of the parent company and its subsidiaries in a single report, as if they were all a single company operating under one roof. To understand the difference between standalone and consolidated numbers, we need to understand the structure of a company.

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Answer 2

A consolidated financial statement covers the activities of the parent company and its subsidiaries in a single report, as if they were all a single company operating under one roof. To understand the difference between standalone and consolidated numbers, we need to understand the structure of a company.